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Champaign 61820
604 Park Lane Drive
$350,000
● House - Off Market

604 Park Lane Drive

Champaign, IL 61820
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,205 Ft²
$2,199
Est. Monthly
9.50%
Cap Rate

About This Property

Large tri-level home with basement on big corner lot with fenced in back yard. Offering an abundance of space and comfort this beautiful residence offers 4 bedrooms and 3 full bathrooms. The three bedrooms upstairs feature hardwood floors and large closets. The additional living space in the finished basement is ideal for rec room, home office or many other possibilities.  The generously sized back yard with mature trees provides ample outdoor space for relaxation and entertainment.   This home combines the charm of hardwood floors with the practicality of a spacious floorplan. With its inviting spaces, modern conveniences, and prime location, its ready to welcome you and your family.
Unit Size
2,205 Ft²
Days on Market
-
Land Size
-
Price per sqft
$159
Property Type
House
Property Taxes
$480
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,597
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINDSOR PARK 5TH SUB
  • Land Acres: 0000000335
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 136 WINDSOR PARK 5TH SUB

Neighborhood

  • School District Name: Champaign Community Unit School District 4
  • School Tax School District: 101
  • Census Tract: 001302

Geography

  • District: 03
  • Parcel: 03-20-25-103-041
  • Lot: 136
  • Meridian: SEC 25 TWN 19N RNG 08E
  • Municipality: CHAMPAIGN
  • Latitude: 40.0809
  • Longitude: -88.2523

    Address

  • Full Address: 604 Park Lane Dr
  • Address - House Number: 604
  • Address - Street Name: Park Lane
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Champaign
  • Carrier Code: C030
  • 4-Digit Zip Code: 7631
  • Zip Code: 61820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $561,284
  • Tax Rate Code Area: 307

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 304,612
  • High Value: 370,033
  • Low Value: 239,191

    Market Valuation

  • Market Total Value: $226,470
  • Market Land Value: $47,580
  • Market Improvement Value: $178,890

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,490
  • Assessed Land Value: $15,860
  • Assessed Improvements Value: $59,630

    Sales

  • Current Sale Contract Date: Feb 25, 2011
  • Current Sale Recording Date: Feb 28, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2011R04470
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Champaign

Stats & Trends

Median Asking:

$256,000

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1947 ft²

Average Home Age

45.8 years

Currently For Sale

431 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 502 W John Street, Champaign, IL, 61820

$3,300 /mo

  • 4 Beds
  • 4 Baths
  • 1,994 ft²
502 W John Street, Champaign, IL, 61820 Listing by Erica Bales

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jake Trautman, Champaign County Realty
Data Source: MRED, MLS# MRD12301419
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 604 Park Lane Drive built and last sold?
The property at 604 Park Lane Drive was built in and last sold on Feb 25, 2011 for $170,000.
How much is this home worth?
The estimated value of the home located at 604 Park Lane Drive is $0.
What are some comparable homes to 604 Park Lane Drive?
There are currently no comparable homes to 604 Park Lane Drive.
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